Notice (the First Notice) has been given to the Bondholders in connection with the Issuer's request for Bondholder approval to amend by way of written resolution the terms and conditions of the Bonds for the purposes of facilitating the issuance of further bonds by the Issuer and its subsidiary, Tellus Petroleum AS, to finance the acquisition of certain interests in the Gina Krog oil field located on the Norwegian continental shelf.

Under the terms of the First Notice, the Issuer reserved the right to extend the voting period described in the First Notice at its option.

The Issuer has now given notice (the Second Notice) to the Bondholders that the voting period described in the First Notice has been extended to 16:00 p.m. (London time) on 8 April 2016.